SOFI is Sizzling
May 06, 2025

SOFI is Sizzling

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with SOFI

The logo looked different than the normal SOFI logo, which is short for Social Finance. They are great for business as they give out the highest APY and you can do up to $2 million FDIC by splitting your money into other banks. Their customer service rocks too and they go above and beyond.

Pros

  • High APY
  • Ability to do your Roth IRA Yearly
  • Good cash back credit card

Cons

  • I wish there were stock charts with #s on x and y axis. So cheap looking
  • Get a full ZACKS rating into every stock
  • Predict future stock price with ai
  • It gave me a 1% back on my Roth IRA
  • It gives me back 3.8% APY on my Savings Account
  • Allows me to accurately know my net worth
It is So Easy to use and understand that worst case l, I gotta text with somebody. Big whoop!
Hatch had a great APY, but nothing to invest towards my IRA. Then, they lost their APY so I got SOFI. I'm not sure if Hatch is in business anymore, but I'd stick with SOFI for an online bank over nearly all others. PayPal and Cash app don't come close either.

Do you think SOFI delivers good value for the price?

Yes

Are you happy with SOFI's feature set?

Yes

Did SOFI live up to sales and marketing promises?

Yes

Did implementation of SOFI go as expected?

Yes

Would you buy SOFI again?

Yes

They honestly do everything. From their APY to monthly payments to ease of transfer to fee free ATMs, and an app that allows to you to solve nearly anything and I mean anything and everything on your own on your own personal cell phone. I love SOFI and their stadium.

SOFI Feature Ratings

7.1
Accounts payable
7
Accounts receivable
7
Global Financial Support
5
Primary and Secondary Ledgers
5
Journals and Reconciliations
8
Configurable Accounting
9
Standardized Processes
9
Not Rated
Billing Management
Not Rated
Cash and Asset Management
Not Rated
Travel & Expense Management
Not Rated
Budgetary Control & Encumbrance Accounting
Not Rated
Period Close
Not Rated
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Not Rated
Dashboards
Not Rated
Standard reports
Not Rated
Custom reports
Not Rated
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated
Not Rated
Award Lifecycle Management
Not Rated
Project Financial Management ()
Not Rated
Not Rated
Project Planning and Scheduling
Not Rated
Task Insight for Project Managers
Not Rated
Project Mobile Functionality
Not Rated
Definable Resource Pools
Not Rated
Not Rated
Bids Analyzed and Compared
Not Rated
Contract Authoring
Not Rated
Contract Repository
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Supplier Management
Not Rated
Not Rated
Risk Repository
Not Rated
Control Management
Not Rated
Control Efficiency Assessments
Not Rated
Issue Detection
Not Rated
Remediation and Certification
Not Rated
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Execution Management
Not Rated
Trade and Customs Management
Not Rated
Fulfillment Management
Not Rated
Warehouse Workforce Management
Not Rated
Not Rated
Production Process Design
Not Rated
Production Management
Not Rated
Configuration Management
Not Rated
Work Execution
Not Rated
Manufacturing Costs
Not Rated
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Performance Monitoring
Not Rated
Not Rated
Proposal Management
Not Rated
Product Master Data Management
Not Rated

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